Economy

Economy October 11, 2016 | 9:30 am

Housing builders, developers join call to scrap 50% tax

Santo Domingo.- Dominican Republic housing buildersand developers association (Acoprovi) president Hector Breton on Monday joinedthe call for the government to scrap the planned 50% ITEBI tax (VAT) on rawmaterials, industrial machinery and capital gains.

"If this levy is enacted the liquidityof the industry will be affected, which directly impacts the cost of manyindustrial materials... Read more

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